Outcome of board meeting held on May 29, 2026.
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Waaree Technologies Ltd reported audited financial results for the year ended March 31, 2026. The company recorded revenue from operations of Rs 713.24 lakhs, down significantly from Rs 1,023.57 lakhs in the previous year, representing approximately a 30% revenue decline. The net loss narrowed to Rs 417.84 lakhs from Rs 565.00 lakhs in FY2025. The balance sheet shows shareholder funds turned negative at Rs (608.79) lakhs compared to Rs (190.96) lakhs previously, indicating erosion of net worth. Short-term borrowings increased substantially to Rs 726.58 lakhs from Rs 401.37 lakhs. Statutory auditors R T Jain & Co. LLP issued an unmodified (clean) opinion on the financial results.
The company continues to burn cash with persistent losses and deteriorating balance sheet health. Negative shareholder funds raise significant going concern questions despite the auditors issuing a clean opinion. Investors should closely monitor the company's ability to fund operations and service debts given the challenging financial position.